Notes to SEFA
Accounting Policies: Expenditures reported on the schedules are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-profit
Agencies, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Agency did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.